Market Overview
Home Prices in Cherryvale, KS
The median home value in Cherryvale, KS is $112,792 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 6.6% compared to a year ago and up 3.6% from two years prior.
Compared to the U.S. national median of $410,000, homes in Cherryvale are priced72% below average. Cherryvale is part of the Parsons, KS metro area.
Over the past five years, Cherryvale home values have risen by approximately18.8%, reflecting steady appreciation in this market.
Price History
Cherryvale Home Price Trend
City Comparison
Cherryvale vs. National Median
At $112,792, homes in Cherryvale cost 72% below the national median of $410,000. This makes Cherryvale a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Cherryvale?
20% Down Payment
$22,558
on $112,792
Monthly P&I
$588/mo
30-yr @ 6.8%
Total Monthly Est.
~$747/mo
incl. taxes & insurance
Income Needed
$29,880
gross annual (30% rule)
10% Down Option
$11,279
+ PMI applies
Loan Amount (20% dn)
$90,234
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Cherryvale, KS?
The median home value in Cherryvale is $112,792 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 6.6% year-over-year.
How much have home prices changed in Cherryvale?
Over the past year, home values in Cherryvale have increased by 6.6%. Over five years, prices have risen approximately 18.8%.
How much do I need to earn to buy a home in Cherryvale?
To comfortably afford the median home price of $112,792 with a 20% down payment ($22,558) at today's rates (6.8%), you'd need a gross annual income of approximately $29,880. This assumes keeping total housing costs at or below 30% of gross income.
How does Cherryvale compare to the national average home price?
The national median home value is approximately $410,000. At $112,792, homes in Cherryvale are 72% below the national average.
What metro area is Cherryvale part of?
Cherryvale is part of the Parsons, KS metropolitan area. Home prices and market conditions can vary across the broader metro region.